Ouch! Twitter Suffers Largest Lockup-Expiration Day Loss in History: StockTwits

NEW YORK (TheStreet) -- Today twitterTwitter (TWTR) suffered one of the largest 'Lockup Expiration Day' losses in history, closing down over 18% since yesterday's close.

Insiders at Twitter were finally allowed to sell their shares today. The results were ugly.

$TWTR two support lines on the daily chart couldn't save the price drop into that deep hole. http://stks.co/a0WQc

-- liya Wong (@humble747) May. 6 at 01:45 PM

$SPY See How They Fall: $TWTR intraday -16% swan dive: Awesome http://stks.co/s0I7G

-- BL834 (@Lach14) May. 6 at 01:53 PM

Yikes!

Follow me on StockTwits: @chicagosean

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

More from Opinion

Nvidia Slides After Issuing Light Guidance: 5 Key Takeaways

Nvidia Slides After Issuing Light Guidance: 5 Key Takeaways

Chip Stocks May Have Sold Off Too Much On Recent Spate of Bad News

Chip Stocks May Have Sold Off Too Much On Recent Spate of Bad News

Flashback Friday: Tesla Takes a Hit

Flashback Friday: Tesla Takes a Hit

How to Get Out of a Car Lease Early Without Penalty

How to Get Out of a Car Lease Early Without Penalty

Walmart Had Strong Earnings, But They Weren't at Amazon's Expense

Walmart Had Strong Earnings, But They Weren't at Amazon's Expense